March 9, 2025/Dangote Group We wish to inform you that, Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira. This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars. To date, […]
Author: InvestAdvocate
Nestle Nigeria Plc: Record Revenue Growth but Mounting Financial Pressures
March 19, 2025/InvestmentOne Report Nestlé Nigeria’s revenue growth of 75.32% YoY was driven by price adjustments, though gross profit margins declined from 39.70% in 2023 to 31.95% in 2024. This margin contraction was due to higher production costs resulting from inflation and foreign exchange volatility. The company reported a gross […]
AFC Joins Ecobank and Soto Gallery for 2nd Edition of the +234Art Fair to Elevate African Art and Empower Artists
Visitors will experience a wide range of artistic expressions, including painting, sculpture, visual and digital art, installations, and more March 9, 2025/AFC Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has announced its support for the +234Art Fair, coming on as partners for the second year in […]
